Mobility Fintech GoCab Raises $45M to Scale Electric Mobility and Financial Inclusion Across Africa

Mobility Fintech GoCab Raises $45M to Scale Electric Mobility and Financial Inclusion Across Africa

GoCab plans to expand its operations and fleet, aiming for 10,000 active vehicles and $100 million in annual recurring revenue within the next 24 months....

GoCab Raises $45M to Scale Drive-to-Own Model Across Africa - Innovation Village | Technology, Product Reviews, Business

London-based mobility fintech GoCab has raised $45 million in fresh funding to accelerate the expansion of its drive-to-own vehicle ownership model across Africa and other emerging markets. The round comprises $15 million in equity and $30 million in debt, forming part of a broader $60 million Shariah-compliant debt facility currently being structured. Founded in 2024, GoCab says it is on track to reach $50 million in annual recurring revenue (A…

GoCab Receive $45m to Scale Ethical Mobility Financing Platform

By Dipo Olowookere A funding package of up to $45 million has been secured by a mobility fintech firm, GoCab, to scale its ethical mobility financing platform across emerging markets. A statement made available to Business Post disclosed that the funds comprise $15 million equity and $30 million debt, with the equity round co-led by […]

GoCab Secures $45 Million To Expand EV Mobility And Financial Inclusion Across Africa

GoCab, a pan-African mobility fintech, has raised $45 million in a strategic funding round to scale electric vehicle operations and enhance financial access for gig-economy workers across the continent. The investment includes $15 million in equity, co-led by E3 Capital and JANNGO Capital, alongside $30 million in debt commitments, forming part of a broader $60 million Shariah-compliant facility currently under structuring. Founded in 2024 by Az…

GoCab Raises USD 45 M To Scale 'Ethical' Mobility Financing In Africa

GoCab, a pan-African mobility and financial services platform founded in 2024 by Azamat Sultan and Hendrick Ketchemen, has closed a USD 45 M financing round to scale ‘ethical’ vehicle financing for gig-economy workers. The round comprises USD 15 M in equity and USD 30 M in debt, with the equity co-led by E3 Capital and JANNGO Capital, alongside KawiSafi Ventures and Cur8 Capital. The company has also secured over USD 30 M in debt commitments as …

GoCab raises $45M to expand its drive-to-own model across Africa

London-based mobility fintech GoCab has closed a $45 million funding round to expand its “drive-to-own” model across emerging markets. The round includes $15 million in equity and $30 million in debt, part of a larger $60 million Shariah-compliant debt facility in the works. The company, which launched in 2024, is on track to hit $50 million in annual recurring revenue (ARR) this year. GoCab provides gig workers, delivery drivers, and freelancer…